BTN - Ballantyne Strong readies stock offering

Ballantyne Strong (BTN) eroded 10.2% in after hours trade on announcing its intention to sell shares in an underwritten public offering.Underwriters granted 45-day option to purchase up to an additional 15% of the number of shares.Offer size, actual terms not yet disclosed.Proceeds to be used for general corporate purposes, which may include working capital, capital expenditures, operational purposes and potential acquisitions in complementary businesses

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Ballantyne Strong readies stock offering